Journal entries for Gilberto Co.
Information related to Gilberto Co. is presented below. 1. On April 5, purchased merchandise from Allman Company for $20,000 terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Allman. 3. On April 7, purchased equipment on account for $26,000. 4. On April 8, retu